Mirabella Financial Services LLP Sells 3,322 Shares of Hubbell Inc $HUBB

Mirabella Financial Services LLP trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 20.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,151 shares of the industrial products company’s stock after selling 3,322 shares during the period. Mirabella Financial Services LLP’s holdings in Hubbell were worth $5,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised its holdings in Hubbell by 17.1% in the third quarter. IFP Advisors Inc now owns 1,057 shares of the industrial products company’s stock worth $455,000 after buying an additional 154 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Hubbell by 3.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,884 shares of the industrial products company’s stock valued at $6,405,000 after buying an additional 539 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Hubbell during the third quarter valued at approximately $7,462,000. Captrust Financial Advisors increased its position in shares of Hubbell by 16.9% during the third quarter. Captrust Financial Advisors now owns 9,550 shares of the industrial products company’s stock valued at $4,109,000 after acquiring an additional 1,379 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of Hubbell by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,508 shares of the industrial products company’s stock valued at $1,510,000 after acquiring an additional 144 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

HUBB opened at $479.05 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.38 and a beta of 1.00. The company’s 50 day moving average is $494.21 and its 200 day moving average is $458.20. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $4.10 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is presently 34.07%.

Insider Buying and Selling

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,689 shares of company stock valued at $17,407,395. Company insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

HUBB has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.